Accounting Budget And Cash Flows Assignment Homework Help

1. Evaluating a special order

Miyamoto Jewelers is considering a special order for 10 handcrafted gold bracelets to be given as gifts to members of a wedding party. The normal selling price of a gold bracelet is $389.95 and its unit product cost is $264 as shown below.

Most of the manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $7 of the overhead is variable with respect to the number of bracelets produced. The customer who is interested in the special bracelet order would like special filigree applied to the bracelets. This filigree would require additional material costing $6 per bracelet and would also require acquisition of a special tool costing $465 that would have no other use once the special order is completed. This order would have no effect on the company s regular sales and the order could be fulfilled using the company s existing capacity without affecting any other order.
Required:
What effect would accepting this order have on the company s net operating income if a special price of $349.95 is offered per bracelet for this order Should the special order be accepted at this price?

2. Uncertain Future Cash Flows

Union Bay Plastics is investigating the purchase of automated equipment that would save $100,000 each year in direct labor and inventory carrying costs. This equipment costs $750,000 and is expected to have a 10-year useful lift with no salvage value. The company s required rate of return is 15% on all equipment purchases. This equipment would provide intangible benefits such as greater flexibility and higher-quality output that are difficult to estimate and yet are quite significant.
Required:
(Ignore income taxes)
What dollar value per year would the intangible benefits have to have in order to make the equipment an acceptable investment?

3.Production Budget

Chrystal Telecom has budgeted the sales of its innovative mobile phone over the next four months as follows

The company is now in the process of preparing a production budget for the third quarter. Past experience has shown that end-of-month finished goods inventories must equal 10% of the next month s sales. The inventory at the end of Jun was 3,000 units.
Required:
Prepare a production budget for the third quarter showing the number of units to be produced each month and for the quarter in total.

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4. The direct labor budget of Krispin Corporation for the upcoming fiscal year includes the following budgeted direct labor-hours.
The company s variable manufacturing overhead rate is $1.75 per direct labor-hour and the company s fixed manufacturing overhead is $35,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $15,000 per quarter.
Required:
1. Construct the company s manufacturing overhead budget for the upcoming fiscal year.
2. Compute the company s manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Round off to the nearest whole cent.

5. Prepare a flexible budget

Gator Divers is a company that provides divers services such as underwater ship repairs to clients in the Tampa Bay area. The company’s planning budget for March appears below.
Required:
During March, the company s activity was actually 190 diving-hours. Prepare a flexible budget for that level of activity.